A firm has proposed the following restructuring for one of its 1000 par value bonds. The bond presently has 10 years remaining until maturity. The coupon rate on the existing bond is 6.75% per annum paid semiannually. The current nominal semiannual yield on the bond is 7.40%. The company proposes suspending coupon payments for four years with the suspended coupon payments being repaid, with accrued interest, when the bond comes due. Accrued interest is calculated using a nominal semiannual rate of 7.40%. Calculate the market value of the restructured bond. a. 755 b. 855 c. 905 d. 955 e. 805 A firm has proposed the following restructuring for one of its 1000 par value bonds. The bond presently has 10 years remaining until maturity. The coupon rate on the existing bond is 6.75% per annum paid semiannually. The current nominal semiannual yield on the bond is 7.40%. The company proposes suspending coupon payments for four years with the suspended coupon payments being repaid, with accrued interest, when the bond comes due. Accrued interest is calculated using a nominal semiannual rate of 7.40%. Calculate the market value of the restructured bond. a. 755 b. 855 c. 905 d. 955 e. 805